Warren Buffett buys gold | Kitco News

Long-time precious metal bugaboo, Warren Buffett, loaded up on Barrick Gold (NYSE:GOLD), according to a Berkshire Hathway 13F released today.

Buffett bought just under 21 million shares. Current stake is worth $563 million.

Buffett can move stocks. Barrick traded down 0.59% to $26.99 today. However Barrick shot up after hours when the news broke and hit $29.

via www.kitco.com

Such a wise man.